My reasoning for having the LLC sign a lease on each property is, 1) for refinancing or getting a new loan, our mortgage person said it looks better on paper to have rental income coming in from a lease than a "short-term rental", and 2) the rent that the LLC will be paying us is tax deductible as a business expense (for the LLC) when we file at the end of the year. 

@Daniel Weber my partner doesn't make enough money on paper but I am discussing it with my mom as she checks all the boxes to purchase a home.

We put down roofing paper and put in a 14MM Laminate.

While it may cash flow on paper, you could have a hard time finding tenants to actually pay those rents over the long term.

Net on paper including equity appreciation or 10% net, in cash at the end of each year?

The application papers, you use?

lower quality of tenant in general, even less growth than Fayetteville (which is already abysmal), and it's a ~25 minute commute to get theseSpring lake often looks good on PAPER but real estate doesn't work by what's on paper.

Looking for a California based CPA to help with the TAX Withholding and closing paper work.

I allowed the deal to go a little bit different (on paper) with him, I knew it was ok because I worked w him before-I still retained my signed contracts for sure. 

The notice should be on bright yellow or pink paper.